London’s economic outlook

Leonie Cooper: The Bank of England has said it expects economic growth to be flat in the second quarter of the year. What impact will this have on London’s economy and Londoners individually?

The Mayor: In June 2019, GLA Economics published its current set of forecasts for the London economy, available in London’s Economic Outlook, and summarised below.
There is considerable uncertainty around the future path of the London economy at the moment, and the main risk to the above forecast remains Brexit, which continues to dampen economic sentiment. It should also be noted that the above forecast assumes that a withdrawal agreement is concluded and ratified by the EU and United Kingdom.
GLA Economics will be producing an updated set of forecasts in the Autumn.